Um, no, that's not true.
Adobe is discontinuing support and distribution of Flash. They aren't disabling Flash Internet-wide (that's also not physically possible).
If you haven't noticed already, most things that use Flash through Google require you to enable Flash to use it. That's a specific method Google has used to clean its hands of it and put all security liability in the hands of consumers and not themselves. It's been on the path to being dead for quite some time now.
What this means is that we won't be seeing Flash used anymore. Things made in Flash are still going to work, provided you're in the right environment, but there will be no more updates and the plug-in won't be distributed anymore.
I mean, it's maybe a little sad, but this is an severely inferior and outdated software we're talking about.
HTML5 already does everything Flash did and more, and it's not as mega-easy to hack as Flash is. In fact, the security issues are the main reason Apple never supported Flash at all, and why it's being pulled in the first place.
Yea, it enabled some cool things, but it's comparable to wanting to keep landline phones around when you have cell phones.